Trade-Ideas LLC identified
) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Alamos Gold as such a stock due to the following factors:
- AGI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $16.6 million.
- AGI has traded 1.7 million shares today.
- AGI is up 3.3% today.
- AGI was down 9.6% yesterday.
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More details on AGI:
Alamos Gold Inc. explores for, mines, develops, and produces gold deposits in the United States and Canada. The company also explores for silver and precious metals. The stock currently has a dividend yield of 1.1%.
The average volume for Alamos Gold has been 755,600 shares per day over the past 30 days. Alamos has a market cap of $722.1 million and is part of the basic materials sector and metals & mining industry. Shares are down 20.6% year-to-date as of the close of trading on Tuesday.